As many of us have noticed a very large pennant has been forming and coming to a close.
Also, the long term bollingers are pinching up nicely!
I dare be specific enough to say that mid june might be the breakout/turning point. If this trend does in fact reverse, this is where the big play is made.
Same is to be said to the breakdown.
If we fall downwards I will short hard, watch for that sweet hard double bottom sell off and hope for a healthy bounce upward. Otherwise, Ill continue with the trend.
-Itchy_Craphole
Also, the long term bollingers are pinching up nicely!
I dare be specific enough to say that mid june might be the breakout/turning point. If this trend does in fact reverse, this is where the big play is made.
Same is to be said to the breakdown.
If we fall downwards I will short hard, watch for that sweet hard double bottom sell off and hope for a healthy bounce upward. Otherwise, Ill continue with the trend.
-Itchy_Craphole
